Our hassle free paperless Online Savers Account provides you with a safe choice of building funds for your dream projects! Not only does the account assist you in managing day to day liquidity, you earn attractive returns on your savings. This makes it a smart investment option for you.
To mention just a few of the benefits;
- Paperless, easy and free to open – Open account online through I-Click internet banking
- Convenient – Open account from wherever you are anytime, no paper work.
- 24/7 Banking – View balance and transfer funds anytime through I-Click.
- Unlimited deposits of any amount from your other I&M Bank accounts
- Interest calculated based on monthly average balance
- Interest is paid monthly
- Prevailing rate is 70% of CBR Rate
- Withdrawals restricted to 2 per month. No interest is paid in a month where number of withdrawals exceed 2.
- Interest is paid only when monthly average balance is above Kes 5,000
The account can only be opened online through I-Click, I&M Bank’s internet banking service and deposits and withdrawals can be made as instructions given through I-Click from and to a KES transaction account registered under the customer’s I-Click account. Hence, to open an Online Savers Account, customers will need to be registered in I-Click and have an existing KES transaction account.
The following facilities are NOT offered for this account ;